Cryptocurrency investors have been suffering a tumultuous ride lately as the markets have dropped significantly. BTC was poised to top $10,000 before sliding to around its current $8,670.
Bitcoin Cash (BCH) is also down to around $1,480, losing around 14% of its value in the past 24 hours. However, the markets are starting to climb back up and some are predicting that BCH could soon be among the top three cryptocurrencies. Despite a decrease in value, Bitcoin Cash has remained relatively stable.
BCH currently has a market cap of $25 billion and a circulating supply of more than 17 million. Its decline was only the second least decline among the top 15 cryptocurrencies, all of which saw a 20% or greater drop except BTC and Ethereum (ETH).
Cash Consortium (C2), a technical group seeking to bolster open standard development to bolster BCH growth, described the cryptocurrency as “the soundest money the world has ever known. It has scarcity, fungibility, divisibility, durability, and transferability.” The C2 uses open standards that allow developers to identify bugs and glitches inside the blockchain’s software.
“Bitcoin Cash and Blockchain technology enable financial sovereignty in a way which is unique in history. One of C2’s primary goals is to make these benefits available to all people, whatever their age, gender, nationality or financial status,” according to the C2 website. Read more from coingeek.com…
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